1/ The @imf recently released the details of the stand-by agreement and review of #Argentina’s economy. This thread will highlight some of the major takeaways from the document.
http://www.imf.org/~/media/Files/Publications/CR/2018/cr18219.ashx …
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9/ another plank is it increase
#transparency and#accountability for the gvt with the empowerment of the recently created Oficina de Presupuesto del Congreso that is modeled off the US CBO.pic.twitter.com/GVtmKZNgEn
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10/
#Macri put the cart before the horse in regards to inflation targeting, as the@BancoCentral_AR did not have sufficient autonomy or credibility for inflation targeting. Thus, a major plank of the program is Central Bank independence.pic.twitter.com/1zlvu4UaVv
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11/ the central bank will maintain high interest rates as long as necessary to reduce inflation expectations. This will likely lead to lower economic activity and will be a real test for the gvt during an election year.pic.twitter.com/I2KnaQGQ5f
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12/ And this is to emphasize the centrality of Central Bank independence to the success of the program. A challenge for many Argentine gvts has been to accept that areas of the state are off limits to executive interference. This is a real test of
#Macri’s cambiemos moniker.pic.twitter.com/s94OhbmWZV
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